Looking at the 4 major dollar crosses as a whole, they sure look like there is more dollar down coming this week. Will be interesting to see the data's effect.

Is this the big reversal point for the dollar?

Looks like last years gold bears

Trading Posters

That is an instant classic in my book.

Trading Posters

You know I would not dare quote a number on this. It is not my money, it is yours. But I will say that I have two strategy types on swings. One is a pattern swing strategy. I will us a larger position size on these and tighter stop based on the ...

Is this the big reversal point for the dollar?

Yes, exactly. You can count em. 123-ABC, and then when it doesn't work, we can go back and say: "well the reason you were stopped out was 3 was not actuallly 3 it was b in the abc on wave 2 that is why you lost money". And you can say "oh, I feel ...

Is this the big reversal point for the dollar?

You have got me interested in it now. I think I will play it you

Gold Discussion

Alot of people turn to wave counts at this point but I have not found them reliable on 4hr channels. I will say that the higher the count gets, the higher the probability of a breakout. I feel more comfortable taking this position because I beleive ...

Is this the big reversal point for the dollar?

This is a good example of my point BeachBum. Your statement tells me that you consider all of these thing to be seperate. You also state that the dimension of the universe would have to be affecting the currency markets. I offer to you that you ...

Anyone using Astrology, Numerology or Divination methods for Forex?

The only thing that is eating at me about this trade is that when you zoom out on the 4 HR of the pound, it looks like a bull flag consolodation pattern. And as the techies know, the price usual leaves these in the same direction that it enter.

Is this the big reversal point for the dollar?

To the nay sayers I say nay. — To all of the nay sayers of this thread I offer to you that your doubtful proclaimations are 3 times as luduacrist as their curiosity of the potential relationship of the universe and the markets. It is ...

Anyone using Astrology, Numerology or Divination methods for Forex?

I like your technicals baddison.

Gold Discussion

I think there is a mixing of strategies going on a bit in this thread. A swing trade is a completely different animal and a completely different thought process from a short term trade. Seldom does a swing position let you in with tight stop, go ...

Is this the big reversal point for the dollar?

You are seeing a consistnent corrollation. I think you absolutely have to investigate the strategy. Why not consider the techniques you use to choose your stops as being possible entries? Ya, gotta love anything that works.

Stop loss, or reverse trend point?

Hello Buk, Since the pound has been in a 500 pip range since the begining of august, I would question waiting for 350 pip move before getting in.

Is this the big reversal point for the dollar?

Yes, exactly. I wait for the initial move to start to retrace. Then I watch the price action when it falls to half of the distance between the pre release price and the high of the spike. If it start to find resistance at 50% I enter. Check out a 99 ...

US GDP - Oct 27

Your trade was a super nice swing entry. Alot of the technical stuff says it is time for dollar love next week.

US GDP - Oct 27

Already did my friend

Is this the big reversal point for the dollar?

Hello Narafa, I just posted a similar thread. There is some nice technical evidnence to swing long on the dollar here.

My own overview regarding the recent price action!!!

I use MB sometimes for data trading but I do it a little differently. I have had fill problems with MB when the data is moving quickly. I am not sure if it is a software or liquidity provider problem. I am working with them for the time being though ...

US GDP - Oct 27